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UK Shared Prosperity Fund

In April 2022 the UK government published guidance on the UK Shared Prosperity Fund (UKSPF), which is a central pillar of their levelling up agenda.

Funded by UK Government

Funding of £2.5 billion has been put in place across the UK over three years to March 2025 to provide a mix of capital and revenue funding for projects that meet the Fund's three investment priorities:

  • Communities and place
  • Support for local businesses
  • People and skills

People, businesses and communities will benefit from a £13.8 million funding allocation to North Lanarkshire Council from the UK Government through the UK Shared Prosperity Fund.

North Lanarkshire has received an allocation of £13,871,047 of which £11,475,645 is core UKSPF funding and £2,395,402 is ringfenced for Multiply activity to support adult numeracy activities for individuals aged 19+.

Following agreement by the eight local authorities within the Glasgow City Region (GCR), a single Investment Plan based on the investment priorities and intervention identified by the member authorities was submitted to the UK Government for the £73.9M allocated to GCR.

The Investment Plan has been approved and provides information on a range of interventions based on local priorities, challenges and opportunities, and indicative spend and outputs/outcomes to be selected against them from the council’s funding allocations.

Projects are being developed that will provide support and funding for a range of local businesses, including social enterprises as well as those that support, for example, active travel initiatives or employability programmes.

Some of the projects that we're working on are outlined below: 

  • Under the communities and place theme, £42,500 has been invested into the pump track at Bellshill and a further investment of £250,000 is planned this year to support Ravenscraig active travel initiatives
  • £750,000 will be invested in a challenge fund that will focus on community engagement and delivery of the local outcome improvement plans.
  • £1million has been approved for business grants including start ups, small businesses and self-employed support, as well as a business growth fund
  • Procurement is currently underway to appoint a provider for development support for social enterprises
  • Other challenge funds for the programme will focus on sports, arts and heritage (capital spend), active travel, community based digital infrastructure, volunteering and projects that drive the visitor economy (revenue)
  • There will also be funding available that focuses on employability to be rolled out in 24/25.
  • Part of the funding is set aside to develop numeracy skills and increase confidence with numbers for adults aged 19+. This bespoke numeracy learning – Sum it Up -  will be delivered alongside existing adult and family learning and youth work provision.

The funding will be released over three years from 2022-2025 and next stages will be to finalise projects which will be delivered in-house, commissioned by the council or through grants and challenge funds to enable third-sector organisations, businesses and local groups to bid for funding. 

The council has been engaging with a range of stakeholders to discuss priority interventions and will continue to engage as activities within the interventions are developed.

About the UK Shared Prosperity Fund

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

More information can be found at the UK Shared Prosperity Fund webpage.

Find out more by reading the joint Glasgow City Region investment plan below or email UKSharedProsperityFund@northlan.gov.uk.

UK Shared Prosperity Fund - Investment Plan 2022

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Page last updated:
26 May 2023

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